Citigroup plans to price 0% notes linked to four currencies

By Angela McDaniels

Seattle, Nov. 21 - Citigroup Funding Inc. plans to price an issue of zero-coupon principal-protected notes due 2008 linked to a basket of currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket will include equal weights of the Australian dollar, Canadian dollar, Mexican peso and Brazilian real. The return on the basket will be based on the performance of each currency against the dollar.

The payout at maturity will be par plus any positive return on the basket multiplied by the participation rate, which is expected to be between 190% and 210% and will be determined at pricing. Investors will receive at least par.

Citigroup Global Markets Inc. will be the agent.

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